CoryMitchell-CMT
Long

BIR.TO Near Cup and Handle Breakout

TSX:BIR   BIRCHCLIFF ENERGY LTD
219 views
4
Generally trade stocks in strong trends, but the turnarounds can be good as well. Strong price action starting in March, with a cup and handle type formation. Provides for a decent reward: risk with a stop loss near $4.60/50.

Price needs to break and hold above $5 to signal another advance.

Disclosure: long.

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